"His wealth consists of large offshore accounts that evade taxes" - LIE
Tax evasion is the general term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means.
Tax avoidance is the legal utilization of the tax regime to one's own advantage, to reduce the amount of tax that is payable by means that are within the law.
Romney "avoided" taxes..................."LEGA... There was no "Evasion" by utilization of illegal methods.
This post is just liberal spin in which non-applicable terms that sound good are used.
Is Romney anti-American?
Incognito
2012/08/07 14:39:15
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6 votes
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17 votes
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His wealth consists of large offshore accounts that evade taxes. Is Romney having his cake and eating it too?
Read the story at http://www.vanityfair.com/politics/2012/08/investigating-mitt...
Read the story at http://www.vanityfair.com/politics/2012/08/investigating-mitt...
Immoral? Definitely.
BTW it's irrelevAnt.
However, I would council against sitting by the chimney waiting for Santa.
Private property and earning wealth is what made America a Free and great nation.
Romney donates millions to charity every year because he is free to donate, not forced. Do you?
BTW, it is Romney's cake, not mine, not yours, and not the government's.
Who decides what anybody's "fair share" might be? Romney contributes more to the economy than you could ever contribute.
What is my proof? The same proof anybody provides when accusing Romney of not being robbed of his "fair share".
You have the old, envious view of wealth shared by others who could never succeed on their own.
Sure Congress has the power to levy taxes but people have the right to legally avoid those taxes as they have throughout history. The wealthy were taxed far more in the past and they kept more of their wealth and business offshore. Eventually, it was just easier to buy politicians. The cycle has swung left again and politicians are grandstanding once more to buy votes from feeble-minded idiots who are deluded into thinking the few dollars from the wealthy will make a dent in deficit. It never shall.
No taxes, no citizenship: The top 20% earners pay almost 70% of the taxes. That means most the lower 80% are the ones getting a free ride. You may have a point there.
The accounts in question 'might not be all that important' but Romney managed them. So what?
'...but there is no way to prove Romney saves taxes through these accounts.' [paraphrased]. So really, nothing can be proved by any of these statements written in this article.
I thought Vanityfair was a rag about fashion, not a tabloid about innuendo...
Excuse me, but Mitt Romney has never once been accused of or charged with income tax evasion.
Please choose your words carefully. Words mean things. Especially words like "evade taxes."
People who have offshore accounts -- be they Mitt Romney, Barack Obama, or Nancy Pelosi -- are not evading taxes. It's completely legal.
Again, please be more responsible with choosing words like "evade taxes." You're accusing Romney of a crime that not even the federal government, in all these years, has ever accused him of.
If this is the sort of thinking employed by people who have voted Obama into office, then no wonder the country is in such weak shape. No offense.
Obama takes Bain donations and has offshore investments, too, but let's
not talk about the hypocrisy!
Tax evasion is the general term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means.
Tax avoidance is the legal utilization of the tax regime to one's own advantage, to reduce the amount of tax that is payable by means that are within the law.
Romney "avoided" taxes..................."LEGA... There was no "Evasion" by utilization of illegal methods.
This post is just liberal spin in which non-applicable terms that sound good are used.